Senora Rosa Argentina is 40 years old and lives in a neighborhood in Managua called Sabana Grande. She is single and does not have any children, but she helps her brother raise his children. Rosa makes and sells grilled snacks for a living. She inherited this trade from her mother, and after 30 years it is her only source of income to live on. She needs to purchase the necessary ingredients to increase her production and sales. Her long term plan is to have salespeople who can sell her products, and to be able to teach others in her family this trade so they can inherit it and continue with the business.
About AFODENICThis loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.
Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.
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Success!! The loan was 100% repaid